PLN 4,500 tax refund? Just one simple step

People saving for retirement can take advantage of a tax relief that allows for a tax refund of up to PLN 4,500. The condition is to open an Individual Pension Security Account (IKZE) and make regular payments. This mechanism is particularly beneficial for people with higher incomes who can reduce their tax liabilities.

What is IKZE and what benefits does it offer?

An Individual Pension Security Account is a form of saving for the future that allows you to take advantage of tax preferences. IKZE allows you to deduct the funds paid from your income, which reduces the tax base and leads to a tax reduction.

By saving in IKZE you can:

• Reduce tax – contributions to IKZE are deducted from income, which allows you to obtain a tax refund.
• Save for retirement – funds are invested in various financial instruments, such as shares, bonds or investment funds.
• Secure financial resources – the accumulated capital is protected by law and may be inherited.

Principles of operation of IKZE

In 2024, the maximum limits for IKZE contributions are:

• PLN 14,083.20 – for people running a business,
• PLN 9,388.80 – for other people.

The tax refund depends on the amount of payments and the tax rate applied. For example, an entrepreneur who pays the maximum amount can reduce his tax liability by as much as PLN 4,500.

IKZE is available to people settling their accounts according to various forms of taxation, including general principles, flat income tax and a lump sum on recorded income.

Procedure for setting up and using IKZE

IKZE can be opened in financial institutions such as banks, insurance companies or investment funds. The funds accumulated in the account are invested in accordance with the owner’s preferences, and can be withdrawn after the age of 65, provided that deposits have been made for at least 5 years.

To fully use the potential of IKZE, it is worth:

• Make regular payments, which helps to systematically accumulate capital.

• Choose investment products tailored to your goals and level of risk acceptance.

• Combine IKZE with other tax reliefs, which increases the amount of tax refund.

Why is it worth setting up an IKZE?

Saving in IKZE is not only a way to reduce tax, but also a chance to build a stable financial future.

High deposit limits and tax preferences make this product an attractive financial tool for people planning long-term savings.